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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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5 P" w: ?( x4 G+ }) zBelow is an Interesting article I found, which says that.....Do not
& N& U. |: ]. W& ]expect much from Crude Oil producers and future is not with the
/ b. Y! y/ K5 e' n0 Zcompanies producing Jet fuels but Biofuels. Also no wonder if some of
1 Z4 q7 ~) w3 K4 rthese oil producer will go bankrupt or out of the business even if # @+ t8 u: Y0 E* \
crude prices improves. This implies also to good names such as Shell,
( K/ z# ^6 k$ v/ y0 xEXXON, BG, BP, Cheveron ....xyz.. oils * [* a+ F! ?# N/ f/ u
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Recently OPEC reduced crude oil production twice over just a few $ b2 t! B7 ^  v9 x5 J
months. There are three wars going on in Gaza, Iraq and Afghandistan.
$ s6 `* ^; c3 `+ XA year ago these things would have spiked the price of crude oil by at # I( q% n  o. m
least $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face ' N; K# e" {% H4 V8 u! T6 w/ {3 B" o
of so much news. These reasons are:   I# p& m/ ?9 c- E$ I

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1. New oil has been found in Canada, Montana, North & South Dakota and . m/ o) }7 f6 \+ Z; k1 `3 O
in the ocean near Brazil. Each of these oil fields has more oil than 5 A$ ?( W9 q1 k
Arabia.
" w  v( \3 ~7 @- _% M0 |  f3 J, y$ ^9 \0 p, f$ e

! D, `# W& V& k4 B- W$ N  L8 Q2. New natural gas has been found in Pennsylvania and West Virginia.
! I5 Y1 E' t4 f5 A- _; u( u" k, WThis is the largest find in North America. - ~( `' ?: A% }& O( k7 i

' z6 N. v2 c# w0 @' }2 ~# m
- R7 h3 ]  V' \4 F! {/ b3. New methods of injecting CO2 and surfactants into oil wells is
$ Q0 d+ w; @6 o2 E4 Q% f2 Bbeing used to double their output. ; Z  e( Z& t% J  Y
- I1 |1 T$ n  \4 T1 {1 _! ^

$ O/ _0 h  p9 U9 C* e1 q, w1 Y4. Production of bio-fuels is beginning to reach critical mass. Bio 1 Y; {0 i, M8 e3 k+ l8 ?4 E
fuel is being produced from many plants and algae. The production
; \8 f) f# u. Tpotential per acre in some cases is astounding. Many countries are % z9 g# p/ I' Q4 ~6 v4 U
racing to produce bio fuels. 1 o* ~3 A2 i" w- I- T
" e1 X' B" M. Q" i/ t4 y

# p' N; Q7 W: l8 u- |5. Virtually every restaurant in the US and all food processing plants # I6 Z0 f9 \$ i. b( d* G
are now selling their used oil to bio-diesel producers. Every pork, 3 v: N; S( x: V& D" E
cattle, turkey and chicken processing plant will soon sell their fat
0 ~) b0 d6 n2 Y. I7 [/ lto bio-diesel producers. One pork processing plant in Oklahoma is
2 `9 w  _% b6 ^" [5 p' @8 q: ~producing 30,000 gallons of bio-diesel per day from pork fat. . U* t- i+ u, b9 {# v

/ ?5 a' W# u7 @* [$ m% t0 d$ w8 f2 C: O% I' K  U8 q
6. There are 99 nuclear reactors in various stages of planning and
+ l1 c8 F, H5 F! wconstruction around the world at this time. Several hundred more are
, C) J1 S- ^' b; t7 Xexpected to be built in the future. Much of the energy they produce
- [, N9 Y, ?" c5 nwill replace oil. 5 F: }4 R8 n. z0 T7 Y" L, p. ?
1 E1 I0 J" d7 {3 O- e: \" S
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7. Every company in any form of transportaion business is replacing 0 h& `/ z+ D# B" Y" ?3 ^$ P
older equipment such as trucks, airplanes, train engines, ships, etc. 6 K/ _) g  @2 _9 r5 o
with new more fuel efficient equipment. Airlines and railway companies
* G& U* D; P" c0 ^0 ~are experiencing 20% to 25% better fuel econony with the new
- `0 Z5 p* {8 L! a. `& hequipment.
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5 v* V( T' W8 ~- b1 b' \Airlines are flying airplanes with bio-fuel. They are finding the bio- ! b8 ?5 |8 b, E, U& G( B+ ~; g9 a% o
fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to 0 P: N7 p! I6 z" v8 E2 u
capture methane gas from landfills. This is a huge source of gas
1 ^/ k3 L! m" O* e: @available at very little cost or risk. The gas is displacing crude
% O1 e( V! d# eoil. , C( D" u, ?( X- h& p0 A

0 _$ w# c. L, X  t
4 M/ m, J3 G6 A# L9. Coal is being transformed into a clean burning liquid fuel. The CO2 ' s, `) m9 {, E4 ~4 O
produced as a byproduct is sold to oil companies for injection into + w( t: w8 W. e/ P* H9 h- [
oil wells. - @7 S' Q. w) c0 c& J  `

0 t' c$ ^+ K6 V! D2 l
/ _- A  F5 N/ A/ Z" E* G6 |2 B10. Solar, wind and ocean energy is displacing oil as an energy   b7 X) A8 s1 i' I( W
source. Three new wind turbines are being erected every day in the US. 6 h0 a' o- Z* O# q

: R9 a- ^" l5 v3 x# ^3 E# [2 M7 _% s+ Q3 G& r
Each of the above by itself will not make a large difference in the 0 V$ E6 \6 [9 v4 m% s
price of crude oil but the sum of all of them together is world
6 b1 u. l+ q, i8 n$ i" v2 dchanging. The important thing is that OPEC no longer has the ability . [8 ^/ i8 s* G0 q. S( X. i  X
to control oil prices. 8 u% B, z: n; E  {2 _8 x) d- V% M
0 q9 V/ {" \( g; \# B  S
7 N. N! Y1 e. b- _* @5 B% P
With the above scenario, I still believe that there are under + \5 g3 y& f/ N: y3 v5 C+ u
performed OIL companies and probably they are yet to get the justified
$ X* b/ H# L4 T% J8 o1 qvalue ..... , B( }' \, f3 N( _+ _0 E
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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& l/ t% N. Y5 _
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
2 I- b% b6 o1 l7 i' I9 A* p1 G5 y% k2009 ... FYI-Only
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